Queensland’s Financial management framework
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The Queensland Government's financial management framework consists of the State’s governing legislation and the systems and processes that enable it to meet its obligations. It complements the performance management framework, developed by the Department of the Premier and Cabinet, which focuses on non-financial performance.
The overview diagram depicts the interactions between whole-of-Government and agency level planning, budget (resource allocation) and performance management, monitoring and reporting functions. External inputs feed into the processes and result in the services that are provided to Queensland communities.
Note that this framework applies primarily to departments, but may apply to statutory bodies.
Components of the framework
There are three key components of the framework from both the whole-of-Government and agency perspectives:
- Planning – Set high-level Government objectives and priorities; and set agency objectives and strategies
- Budget – Allocate resources to meet Government and agency service demands and achieve desired outcomes
- Performance – Manage resources to achieve Government outcomes; and manage agency resources to deliver services.
Last reviewed 28 August 2012